Embedded finance in November 2026 so far · Embedded Finance Index

47 developments from 44 companies, with the month still running: 1 acquisitions, 1 funding, 26 partnerships and integrations, 4 launches, 7 licences and regulators, 8 other developments.
Raised an $80M Series C led by Seaya Nova and Speedinvest, with Illuminate Financial, Motive Partners and Molten Ventures (Citi Ventures joined, per Handelsblatt). source
Announced it completed the acquisition of GoMoney, a São Paulo virtual asset service provider, in October: direct operations in Brazil, adding BRL collections and payouts via Pix settled in stablecoins. GoMoney has applied to the Banco Central do Brasil for VASP authorisation and operates under the transitional regime meanwhile.
Raised an $80M Series C led by Seaya Nova and Speedinvest, with Illuminate Financial, Motive Partners and Molten Ventures (Citi Ventures joined, per Handelsblatt). Funds go to US and Canada expansion, further markets and agentic payments: Pliant's own AI agents automate finance work, and third-party agents such as Claude and ChatGPT connect to its payment infrastructure via MCP. Pliant has doubled for three years, passed $100M ARR and has 300+ staff.
Duffel partnered with Katanox, financial infrastructure for hospitality: sellers using Duffel's API to sell hotel stays (1.6M properties) will have Katanox run the payment flow, replacing virtual cards with account-to-account payments held in escrow until the booking is non-refundable, with automated reconciliation and settlement; eligible sellers get Katanox Capital payment advances. Announced, rolling out.
Sage announced it is building business accounts with debit cards, payments and reconciliation into its small-business software, with Adyen providing Banking-as-a-Service infrastructure and onboarding and Mastercard as card network partner. First implementation planned for Sage 50, Sage 100 and Sage Active in France; designed to sit alongside customers' existing bank relationships.
Employment Hero launched embedded payroll payments with Crezco: UK employers can pay salaries from inside Employment Hero's payroll by open-banking payment (Faster Payments rather than BACS), powered by Crezco. Announced by Crezco founder Ralph Rogge.
AllianceHCM, a US payroll and HCM provider, launched AllianceHCM Payroll Financing with Parafin: a line of credit eligible employers can draw to fund a payroll run, built on Parafin's Pay Over Time. Parafin handles funding, underwriting, servicing, compliance and operations; lines of credit are issued by Celtic Bank.
Airwallex signed on as early design partner of Alta, a blockchain for regulated financial institutions co-founded by Airwallex CEO Jack Zhang, and plans to connect its payments network to it for stablecoin pay-ins and pay-outs linked to local fiat rails in 200 countries and 90 currencies. Alta announced $80M in total funding (a $47.5M Series A led by Index Ventures, with GV, Blackbird, Square Peg and Capital 49). Announced, not yet live.
PayPal added a YouLend fixed-term business loan to its German financial services page: €1,000 to €1m for up to a year, one fixed fee, fixed weekly repayments, payout the next working day. YouLend arranges the loan and its sister company Banking Circle funds it; PayPal refers merchants and may earn a fee. Not listed on PayPal's UK, French or Dutch pages.
PNC launched incoming stablecoin payments for eligible corporate and institutional banking clients as a limited pilot with Coinbase: clients receive USDC on Ethereum through Coinbase's payments products, and it is converted 1:1 and credited in US dollars to their PNC account. It expands the partnership announced in July 2025 (crypto trading for PNC clients via Coinbase; PNC provides banking and treasury services to Coinbase).
Canada's Real-Time Rail launched with Wealthsimple among the first institutions on it, connected directly with no intermediary bank. Wealthsimple is building its own APIs on the RTR with ISO 20022 data and fraud tooling, with instant payment features for clients, including the 30,000 businesses it serves, due in 2027.
PNC launched incoming stablecoin payments for eligible corporate and institutional banking clients as a limited pilot with Coinbase: clients receive USDC on Ethereum through Coinbase's payments products, and it is converted 1:1 and credited in US dollars to their PNC account. It expands the partnership announced in July 2025 (crypto trading for PNC clients via Coinbase; PNC provides banking and treasury services to Coinbase).
Starling announced business credit cards for eligible business customers, rolling out over the following weeks: uncapped 1% monthly cashback, no annual or foreign exchange fees, physical and digital cards, credit limits up to £100,000, Mastercard perks, 24.90% APR (variable).
Tabs named Adyen its first payments partner: Adyen is the processor behind Tabs Pay, Tabs' embedded payments product for billing, collecting and reconciling inside Tabs, using Adyen's instant bank verification and PCI Level 1 environment.
Launched BLIK Global, the first BLIK offering for customers living outside Poland: about 2.2 million Revolut customers across Europe with an active PLN balance can generate 6-digit BLIK codes in the app for online shopping, in-store payments and ATM withdrawals in Poland.
Bitrefill adopted Lightspark's stablecoin orchestration and global payouts API to pay its gift-card and top-up suppliers: one USDC balance funds payouts converted to dollars, pesos or reais and delivered to suppliers' bank accounts, instantly over RTP/FedNow, SPEI and PIX. Live in the US, Mexico and Brazil, extending to more suppliers.
Capra Bank and Zact launched Capra SpendLink: commercial card management, expense management, integrated payables and business travel in one experience under the Capra brand, built on the commercial card program Zact already powers for Capra. The two are exploring further commercial banking capabilities.
Expanded its partnership with Ebury: on top of UK Faster Payments and SEPA con